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ICRA Report Forecasts Addition of 13,000 Kilometers of Highways in India for 2024-25
The report highlights that the ongoing fiscal year will witness a brisk pace of execution, supported by a substantial pipeline of projects totaling over 45,000 kilometers as of March 2024. Moreover, bolstered by an increased capital outlay by the government and a steadfast commitment to project completion by the Ministry of Road Transport and Highways, the momentum is expected to remain strong.
Binance Founder Restricted to US Stay Prior to Sentencing
Zhao's legal team argued for his freedom to travel, emphasizing that he willingly came to the US for his guilty plea. In a briefing, they highlighted his voluntary cooperation, countering the government's push for detainment. Notably, the government acknowledged the unusual nature of allowing a billionaire defendant, who has admitted guilt and faces potential prison time, to remain free.
Crypto Exchange Genesis Faces Legal Battle, Sues Gemini for $689 Million Recovery
According to CoinDesk, Genesis has accused Gemini, owned by the Winklevoss twins, of making substantial withdrawals just before Genesis filed for bankruptcy.
Suzuki eyes to make India its global electric car manufacturing hub
Suzuki will start producing electric vehicles at the Gujarat plant and export them to Japan as well. The company will also consider supplying India-made EVs to partner Toyota Motor for European markets that would be sold under the Toyota brand, the report published in Japan's Nikkei newspaper on Wednesday stated.
Binance’s Bitcoin trading volume dips 48% amid reintroduced fees
"BTC trade volumes on Binance are down 48 per cent in Sept, the second-largest monthly decline since April. Both drops coincided with the removal of zero fees for the largest BTC trading pairs. However, this time, the decline seems to align more closely with the broad market," Ianeva posted on X on Friday.
Indian aviation sector to grow 8-13% in FY24:ICRA
The agency maintained a Stable outlook on the Indian aviation industry amidst the continued recovery in domestic and international air passenger traffic in FY2024, and improved pricing power of the carriers.
Why EVs are not the best of alternative mobility fuel choices for now
At the very least, there is a need to discuss and outline why EVs could possibly be not-so-great from an environmental standpoint, at least for now in the Indian context.
1 in every 7 cars sold now an EV, China's BYD dominate again
Global passenger EV sales in Q1 2023 rose 32 per cent YoY. Battery EVs (BEVs) accounted for 73 per cent of all EV sales during the quarter, while plug-in hybrid EVs (PHEVs) made up the rest, according to Counterpoint Research. EV sales are expected to reach over 14.5 million units by the end of 2023. The US surpassed Germany to become.
Retail inflation falls to 4.70% in April, industrial production index slides to 1.1% in March
Food inflation too slid to 3.84 per cent in April from 4.79 per cent in March. According to the data released by the Ministry of Statistics and Programme Implementation, retail inflation was at a high of 7.79 per cent in April 2022, while food inflation was 8.31 per cent during the period.
M&M April sales boosted by utility vehicles
According to M&M, it sold 34,694 utility vehicles last month against 168 units in April 2022, while the sales numbers for cars and vans were 4 units (358 units in 2022). The total number of vehicles in the passenger segment sold was 34,698 units last month. The total number of vehicles in the passenger segment sold was.
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